Short Interest in Invesco KBW Bank ETF (NASDAQ:KBWB) Rises By 22.8%

Invesco KBW Bank ETF (NASDAQ:KBWB) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,010,000 shares, an increase of 22.8% from the February 28th total of 4,080,000 shares. Currently, 8.4% of the company’s stock are short sold. Based on an average daily volume of 2,041,100 shares, the days-to-cover ratio is presently 2.5 days.

Invesco KBW Bank ETF Trading Down 7.6 %

NASDAQ:KBWB traded down $4.80 on Thursday, reaching $58.65. 2,428,989 shares of the stock traded hands, compared to its average volume of 2,012,221. The company’s fifty day simple moving average is $67.13 and its 200 day simple moving average is $65.71. Invesco KBW Bank ETF has a 12 month low of $49.32 and a 12 month high of $72.39. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19.

Invesco KBW Bank ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.4118 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco KBW Bank ETF’s previous dividend of $0.36.

Institutional Investors Weigh In On Invesco KBW Bank ETF

Several large investors have recently bought and sold shares of the business. Synergy Asset Management LLC bought a new position in Invesco KBW Bank ETF in the fourth quarter valued at about $40,000. Thompson Investment Management Inc. purchased a new position in shares of Invesco KBW Bank ETF during the 4th quarter worth $54,000. FMR LLC increased its stake in shares of Invesco KBW Bank ETF by 32.3% in the 3rd quarter. FMR LLC now owns 2,108 shares of the company’s stock worth $124,000 after purchasing an additional 515 shares in the last quarter. Finley Financial LLC purchased a new position in Invesco KBW Bank ETF during the fourth quarter valued at $156,000. Finally, Spire Wealth Management increased its position in Invesco KBW Bank ETF by 371.0% in the fourth quarter. Spire Wealth Management now owns 2,793 shares of the company’s stock worth $183,000 after buying an additional 2,200 shares in the last quarter.

About Invesco KBW Bank ETF

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.